Greeks.live: Traders Expect Range-Bound Price Action, Option Liquidity Signaling Strong Bearish Sentiment

BlockBeats News, April 3rd, Greek.live analyst Adam posted on social media, stating, "After Trump announced a 10% comprehensive tariff and a 25% automobile tariff, the overall sentiment of the group is bearish. Although this is lower than the market's expectations, it is still considered negative news. The key Bitcoin price levels the market is watching are $83,000-$87,000, which was a support area."

Option liquidity remains strongly bearish, with traders noting a large number of put option purchases, including 700 contracts of $79,000 put options expiring at the end of April.

Traders expect continued volatility and fluctuations, with a possible poor Friday close, and Bitcoin potentially falling below $83,000, which would erase the entire rally."